we already know that because of payroll tax holidays eatio and the additional taxes applied to households, that will shave about 1.1% off the gdp. if we went into the sequester and allowed the $110 billion to be taken out of the economy as was its face value, that would be about another .7 of 1%. collectively about a 1.8% hit the gdp on an annualized basis. that leaves little margin of safety. so hopefully some effort to perhaps trim that sequester amount to something a little bit more reasonable. at least back end loaded, will enable the economy to muster some momentum. >> yet, mark, $77 billion of new cash, according to trim tabs, came into the market in january. would you be a contrarian with that or would you say strength? >> i think it's a little too soon to call it the great rotation that everybody's been anticipating. i think it's encouraging. i wouldn't necessarily be prepared to take a contrarian position on that, to say that now that means all the retail money has flocked in like lemmings equity prices after they already moved up substantially. i think we have a long way to go.